Allstate Corp Takes Position in American International Group, Inc. (NYSE:AIG)

Allstate Corp bought a new stake in American International Group, Inc. (NYSE:AIG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,570 shares of the insurance provider's stock, valued at approximately $1,497,000.

A number of other large investors have also added to or reduced their stakes in AIG. Catalina Capital Group LLC boosted its stake in shares of American International Group by 5.1% in the 4th quarter. Catalina Capital Group LLC now owns 3,044 shares of the insurance provider's stock valued at $222,000 after purchasing an additional 148 shares in the last quarter. Hilltop National Bank boosted its position in American International Group by 4.7% during the fourth quarter. Hilltop National Bank now owns 3,888 shares of the insurance provider's stock valued at $283,000 after buying an additional 175 shares during the period. Cidel Asset Management Inc. grew its stake in shares of American International Group by 2.1% during the fourth quarter. Cidel Asset Management Inc. now owns 8,711 shares of the insurance provider's stock valued at $634,000 after buying an additional 179 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of American International Group by 11.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider's stock worth $127,000 after buying an additional 179 shares during the period. Finally, Foster & Motley Inc. lifted its stake in shares of American International Group by 0.8% in the 4th quarter. Foster & Motley Inc. now owns 23,552 shares of the insurance provider's stock valued at $1,715,000 after acquiring an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

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Insiders Place Their Bets

In other news, Director John G. Rice bought 10,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $770,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

AIG has been the topic of several recent research reports. Evercore ISI raised their price target on American International Group from $81.00 to $89.00 and gave the stock an "in-line" rating in a research report on Tuesday. Wells Fargo & Company raised their target price on shares of American International Group from $76.00 to $77.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. BMO Capital Markets upped their price target on shares of American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. The Goldman Sachs Group increased their price target on shares of American International Group from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Barclays upped their price objective on shares of American International Group from $90.00 to $98.00 and gave the company an "overweight" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.12.

American International Group Stock Down 4.9 %

AIG traded down $4.26 during trading on Friday, reaching $81.94. The stock had a trading volume of 1,026,136 shares, compared to its average volume of 4,377,309. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $48.62 billion, a price-to-earnings ratio of -39.43, a P/E/G ratio of 1.01 and a beta of 0.63. The stock's 50 day moving average is $79.49 and its two-hundred day moving average is $76.30. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Monday, March 17th. American International Group's payout ratio is -76.92%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.